IFTA Fuel Tax Reporting
IFTA is the International Fuel Tax Agreement. This agreement covers the ten southern territories of Canada and the lower 48 states of the United States. Now IFTA reporting is done on almost all eld devices. Every quarter, to meet IFTA requirements, managers make a fleet tracking report and submit an IFTA report to the Tax Office to correctly pay fuel taxes because they are different in each state and territory.
IFTA reporting is a calculation of distances for three months in each state using eld devices. That is, which vehicle, in which state, and how many miles did it drive in the trucking process? IFTA reporting software is required for the correct calculation of fuel tax. At the end of each quarter, the fleet owner submits a report to the state after processing fleet tracking.